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Joseph Stiglitz Quotes

American - Economist | February 9, 1943 -

Tax policy should reflect a country's values and address its problems.

Joseph Stiglitz

Problems Values Country Tax Reflect

Certainly, the poverty, the discrimination, the episodic unemployment could not but strike an inquiring youngster: why did these exist, and what could we do about them.

Joseph Stiglitz

Poverty Discrimination Strike Why

Economists often like startling theorems, results which seem to run counter to conventional wisdom.

Joseph Stiglitz

Wisdom Results Run Economists Seem

A single currency entails a fixed interest rate, which means countries can't manage their own currency to suit their own needs. You need a variety of institutions to help nations for which the policies aren't well suited. Europe introduced the euro without providing those structures.

Joseph Stiglitz

Help You Need Single Europe Without

If there is a silver lining in the Trump cloud, it is a new sense of solidarity over core values such as tolerance and equality, sustained by awareness of the bigotry and misogyny, whether hidden or open, that Trump and his team embody.

Joseph Stiglitz

Equality Team Tolerance Cloud Values

China-led globalization in some ways worries me because they are not concerned about human rights, labor rights. They probably aren't even really concerned about competitive marketplaces. So in some ways, they're like Mr. Trump.

Joseph Stiglitz

Me Globalization Labor Human Rights

After the destruction of New Orleans by Hurricane Katrina in 2005, the shutdown of much of New York City by Sandy in 2012, and now the devastation wrought on Texas by Harvey, the U.S. can and should do better.

Joseph Stiglitz

New York City Texas Better New Now

With neoliberalism discredited and austerity failed, we need to rewrite the rules of the economy once again. But this time in the right way. We need rules that focus on long-term economic growth, and the only kind of sustainable prosperity is shared prosperity.

Joseph Stiglitz

Growth Time Focus Rules Prosperity

Letting bygones be bygones is a basic principle in economics.

Joseph Stiglitz

Economics Principle Basic Letting

Let me put it very forcefully: No large economy has ever recovered from an economic downturn through austerity. It's not going to happen in the United States, and it's not going to happen in Europe.

Joseph Stiglitz

Me Economy Happen Europe Going

It's very hard to persuade a young person who has seen the Great Recession, who has seen all the problems with inequality, to tell them inequality is not important and that markets are always efficient. They'd think you're crazy.

Joseph Stiglitz

Great Crazy Problems Think You Hard

If I came home with a grade of A, my father would say, 'There must have been a lot of dummies in that class.'

Joseph Stiglitz

Father Home Say Class Must Been

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